Capital Gains - Panic gripped the stock markets last week following Prime Minister Narendra Modi’s assertion that gains from the capital markets are getting away with the low tax. Finance Minister Arun Jaitley hurriedly clarified that Modi’s statement should not be construed as an intent to impose long-term capital gains tax on equities. Even so, there is intense speculation … [Read more...] about Budget 2017 May Hike Capital Gains Tax on Stocks-Likely Changes
Which Tax Saving Investment Is Best Suited For You To Save Tax?
The type of tax saving investment one chooses should depend a lot on the risk profile, age, and fund availability as well as income bracket of an individual. As the financial year enters its last quarter, you would be drawing up your final investment plans for tax-saving purposes. You will have time until March 31, 2017, to make your tax-saving moves even if you have made your … [Read more...] about Which Tax Saving Investment Is Best Suited For You To Save Tax?
Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15
(As per Press Release issued by Central Board of Direct Taxes (CBDT) on December 22, 2016) The Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities. Data analytics carried out by the Systems Directorate of Central Board of Direct Taxes (CBDT) identifies non-filers about whom specific information is available in the … [Read more...] about Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15
IT Dept Identifies 67.54 Lakh Potential Non-Filers for FY 2014-15
(Income Tax Department Identifies 67.54 Lakh Potential Non-Filers for F.Y. 2014-15 - As per Press Release issued by Central Board of Direct Taxes (CBDT) on December 22, 2016) The Non-filers Monitoring System (NMS) Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities. Data analytics carried out by the Systems … [Read more...] about IT Dept Identifies 67.54 Lakh Potential Non-Filers for FY 2014-15
Experts’ Suggestions On How Budget 2017 Can Cut Your Direct Tax Burden
(As Published in ET Wealth and Times of India on November 19, 2016) As North Block has begun work on the Finance Bill 2017, ET Wealth reached out to experts from the financial services industry to know what they want to see in the coming Budget. Here are suggestions from some experts for Finance Minister Arun Jaitley and his team on how the coming budget can help reduce the … [Read more...] about Experts’ Suggestions On How Budget 2017 Can Cut Your Direct Tax Burden
